Edgewell Personal Care Company $EPC Shares Purchased by Millennium Management LLC

Key Points

• Millennium Management LLC increased its stake in Edgewell Personal Care Company by 106.4%, now owning approximately 1.95% of the company, valued at $28.57 million.
• Edgewell reported a quarterly EPS of $0.92, below analysts' expectations of $1.01, with revenues of $627.20 million, a decline of 3.2% over the previous year.
• The company recently declared a quarterly dividend of $0.15 per share, providing an annualized dividend yield of 2.7%.

Millennium Management LLC grew its position in Edgewell Personal Care Company (NYSE:EPC - Free Report) by 106.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 915,281 shares of the company's stock after acquiring an additional 471,774 shares during the period. Millennium Management LLC owned about 1.95% of Edgewell Personal Care worth $28,566,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Edgewell Personal Care by 4,732.4% during the 1st quarter. GAMMA Investing LLC now owns 23,002 shares of the company's stock worth $737,000 after purchasing an additional 22,526 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Edgewell Personal Care by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,986 shares of the company's stock worth $561,000 after purchasing an additional 517 shares during the last quarter. Blue Trust Inc. raised its position in shares of Edgewell Personal Care by 35.3% during the 1st quarter. Blue Trust Inc. now owns 3,100 shares of the company's stock worth $97,000 after purchasing an additional 809 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Edgewell Personal Care by 2.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,633 shares of the company's stock valued at $928,000 after acquiring an additional 702 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Edgewell Personal Care by 1.3% during the 1st quarter. Invesco Ltd. now owns 435,529 shares of the company's stock valued at $13,593,000 after acquiring an additional 5,401 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company's stock.

Edgewell Personal Care Price Performance

EPC traded down $0.53 during midday trading on Monday, reaching $21.18. 758,534 shares of the company's stock were exchanged, compared to its average volume of 670,042. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.77 and a quick ratio of 0.91. The stock has a market capitalization of $983.88 million, a PE ratio of 15.69 and a beta of 0.85. The business's 50-day moving average price is $24.18 and its 200 day moving average price is $26.84. Edgewell Personal Care Company has a 1-year low of $19.13 and a 1-year high of $38.44.

Edgewell Personal Care (NYSE:EPC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.92 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.09). The firm had revenue of $627.20 million during the quarter, compared to analyst estimates of $658.51 million. Edgewell Personal Care had a net margin of 2.94% and a return on equity of 8.06%. The business's quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. Edgewell Personal Care has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, equities analysts anticipate that Edgewell Personal Care Company will post 3.16 EPS for the current fiscal year.

Edgewell Personal Care Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Thursday, September 4th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, September 4th. Edgewell Personal Care's payout ratio is currently 44.44%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EPC shares. Zacks Research cut shares of Edgewell Personal Care from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 19th. Morgan Stanley raised shares of Edgewell Personal Care from an "underweight" rating to an "equal weight" rating and lowered their price objective for the stock from $26.00 to $23.00 in a research report on Wednesday, August 6th. Barclays decreased their price target on shares of Edgewell Personal Care from $26.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. UBS Group reduced their price objective on shares of Edgewell Personal Care from $28.00 to $21.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Finally, Canaccord Genuity Group cut their price target on shares of Edgewell Personal Care from $35.00 to $32.00 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $29.29.

Edgewell Personal Care Company Profile

Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.